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    1738 E 87Th St Chicago, IL 60617

    Picture of Retail space at E 87Th St 1738, Chicago, IL
    Under Contract
    For Sale
    $175,000

    Other - Chicago, IL

    Property size:
    1,800 SF
    Days on Market:
    57
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 1738 E 87Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    20363270330000
    Size
    1,800 SF

    Building Details

    Year built
    1956
    Number of units
    2
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Naomi Brownlow-Nelson (708) 634-0103 License #475140263

    Listing date Oct 10, 2025

    MLS# 12395248 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Retail Investment Opportunity

    This commercial property offers a great investment opportunity, situated steps from the bustling 87th & Stoney Island corridor. The location benefits from high visibility and an area with over 11,700 daily traffic counts. Neighboring national retailers include Walgreens, Citibank, CVS, and Dunkin Donuts. The area is recognized as one of Chicago's best neighborhoods for businesses, diversity, commute options, and jobs. The property, totaling 1,800 square feet, includes two units. One unit is currently outfitted for a hair salon or barbershop, with additional unused space. The other unit is currently occupied by a tenant. The property's location also offers signage income. Parking is available in the rear, along with convenient street parking for patrons.
    Property Profile Location Intelligence

    Current Use by Public Records

    Friendly African Hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6670414
    Latitude
    41.7360516

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    FAQs

    What type of property is this?
    Retail space - Commercial property near 87th & Stoney Island corridor. Great investment!
    Where is this retail space located?
    The property is located at 1738 E 87Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High-traffic location near 87th & Stoney Island Corridor with **11,700 daily traffic count.**; - Proximity to national retailers (Walgreens, Citibank, CVS, Dunkin Donuts).; - Two units: one currently outfitted for a hair salon/barbershop, the other occupied by a tenant.
    (708) 634-0103
    Request Owner's contact information
    1738 E 87Th St Chicago, IL 60617
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    Chicago, IL 60617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1738 E 87Th St Chicago, IL 60617
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